Travis Perkins plc (OTCMKTS:TPRKY) Sees Significant Growth in Short Interest

Travis Perkins plc (OTCMKTS:TPRKY - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 6,000 shares, a growth of 650.0% from the March 31st total of 800 shares. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Peel Hunt upgraded Travis Perkins from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, April 3rd.

Travis Perkins Price Performance

Shares of OTCMKTS TPRKY traded up $0.19 during mid-day trading on Thursday, reaching $7.65. The company had a trading volume of 8,967 shares, compared to its average volume of 7,788. Travis Perkins has a one year low of $6.31 and a one year high of $13.00. The company has a quick ratio of 0.98, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $7.38 and its 200 day simple moving average is $8.80.

Travis Perkins Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, April 23rd will be paid a $0.1165 dividend. This represents a dividend yield of 2.65%. This is a boost from Travis Perkins's previous dividend of $0.07. The ex-dividend date is Tuesday, April 22nd.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.